Universal Basic Income. If you’ve not come across the term before, you’re likely to hear a lot more about it in the future.
It’s an economic policy that’s gathering support across a wide part of the political spectrum, as a solution to a variety of challenges.
And now shadow chancellor John McDonnell appears to be backing it too, urging the Labour party to formalise this support in their election manifesto.
In this episode of Informed Choice Radio, why basic income is a Labour policy Martin can support, and what it could mean for your Financial Planning.
Informed Choice Radio Personal Finance Podcast